Retirement

Planning for Retirement is best started early. But, sometimes best laid plans require nimbleness and mid-course correction

Choosing the Best Investments for Your 401(k)

Nest Egg

To make choosing easier, begin by grouping the available funds. Stock funds include large-company stocks (including ”growth and income” funds), small-company stocks (including ”aggressive growth” funds) and international stocks. Bond funds are categorized by length of the bond — such as short-term, intermediate or long-term — and by the kind of bond, such as government, […]

401(k) Plans Explained

Q&A

Gary Foreman is the publisher of The Dollar Stretcher.com. Hi Gary, My uncle is very upset because he doesn’t understand how his 401(k) works. He thinks they are trying to tell him what he can do with his retirement money and so forth. I don’t know how to explain the basic point behind a 401(k) […]

IRA Blunders

Man Holding Money

If you have been contributing to Individual Retirement Accounts over the years or have rolled a lump-sum pension distribution into an IRA, you have taken solid steps toward building a strong retirement nest egg. But three common blunders can keep you from getting the greatest income possible when you retire. Blunder #1. Too many IRA […]

To Roth Or Not To Roth

Indecision

To Roth or not to Roth, that is the question. At least, that is the question on many people’s minds this year. Beginning in 2010, Uncle Sam lifted the income limits on Roth IRA conversions. Here are the answers to some of the questions you’ve been asking about the Roth IRAs. Why are Roth IRAs […]

The Amazing Truths About Retirement

eyeglasses

This article was excerpted from the book Your Next Fifty Years: A Completely New Way to Look at How, When, and If You Should Retire by Ginita Wall, CPA, CFP and Victoria Collins, CFP If you are one of the four million baby boomers who turned 50 in 1996 or the seventy-three million more who […]

Saving For Retirement On $5 A Day

What do you think is the most important factor for making your investments grow? Is it what you buy, or when you buy, or when you sell? In truth, it’s none of these. The most important factor for wealth-building is the steadiness with which you invest, year after year, starting right now. Let’s say your […]

It’s Never Too Early to Start Planning for Your Retirement

Trouble is, there’s always so much more in your life that requires time and money that it’s not always easy to devote those precious resources to a retirement that is years away. Here are five painless ways you can begin saving for your retirement without unduly busting your budget. 1. Let your employer do it. […]

Making up for Lost Time

Ready, Set, Go!

Almost 60% of Baby Boomers admit being behind in saving for retirement, and there are untold others who don’t even know where they stand. So if you’ve procrastinated you are not alone, but there’s hope. Here are some tips for catching up, even if you are off to a late start. Save MoreWould you really […]

I Can’t Believe I Forgot To Save For My Retirement!

An elephant always remembers....

Most people in their twenties and thirties have other things on their minds than retirement. But as we get older, we suddenly realize we have to save for retirement! If you’ve procrastinated in planning for retirement, you may not be as far behind as you think. Perhaps your employment benefits include a defined benefit retirement […]

Choosing Where to Live After Retiring

Home Sweet Home

For many people, retirement means picking up and moving to warmer climates. Here are a few tips to help ease your move. When you think about retirement, do you imagine sandy beaches, a mountain cabin, settling down in a resort community or hitting the road in a mobile home? Many people decide to move when […]

Retirement Plans for the Self-Employed

Rain

If you work for yourself, either full time, or to generate side income — and you’re wondering how you’re going to plan for retirement…. Read on. Do you work for yourself? Many of us do these days. Women make good entrepreneurs because they are able to juggle lots of tasks and respond to a myriad […]

A Nice Place to Visit, But…

Beach Vacation

Many people decide to move when they retire.  But choosing where to live means more than deciding whether you prefer sand or trees.  In fact, many people make their biggest retirement mistakes when deciding where to live.  One very helpful strategy, if you can manage it, is to make extended visits to your chosen location […]

Stretch Your Legacy

Stretching Your Money

When Janice’s husband died suddenly at age 56, she was left with overwhelming shock and grief plus mounds of paperwork. We helped her deal with the paperwork as she made decisions, such as rolling over and investing the proceeds of her husband’s retirement plan into an IRA in her own name. But then her situation […]

Protecting Income in Retirement

Protecting Your Income

What keeps you awake at night? For most adults, it’s the fear they will outlive their money. The transition from regular paychecks to full-blown retirement can be downright scary. With traditional pensions going the way of the Model T, and the Social Security platform growing rickety, most of us will need ways to generate a […]

Retirement Truths and Myths

Myths

When it comes to retirement, people have some peculiar ideas, some of them just plain dangerous. Here’s what two recent surveys by Met Life and Employee Benefits Research Institute found. A full 43% of those surveyed think they can withdraw at least 10% of their retirement savings each year. That might work if you plan […]